The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
While there have been some delays, and they aren't the most communicative, one of the things I like about GRL is that they'll also surprise you with good news and planning. (Surprise in the sense that they'll just announce it; I'm not suggesting I have low expectations of them.) I'm thinking of the +250% increase in resource last year, which I still don't think is reflected in the price. And then in the May RNS, the announcement of the increased production figures.
That says to me that although communication with PIs may not be their top priority, they're absolutely working in the best interests of the business. The share register speaks for itself, and I'm happy to hang on and benefit from their self interest.
Just wanted to thank pickedpeck for the ‘what if no deal’ post. I often wonder about this, but have never been able to put numbers to it. Seems crazy, but even if HZM packed it in and sold the assets, surely they’d still be worth more than the present value.
Next worse case, sell Vermelho to fund Araguaia (please don’t, but you take the point). Funny to think that just sitting here on the cusp of finance has us valued less than the failure to raise funds potentially would.
It’s certainly instructive. Also makes it very hard not to move more money in here. I don’t say that to ramp. I really struggle between the natural apprehension of the market and seeing this as a once-in-a-lifetime opportunity.
I know we’re feeling a bit down at the moment, but it really does seem like the best possible time to be building an enormous, low cost, high ESG nickel company to serve world-historic investments in both infrastructure (steel) and batteries. Just saying.
Hi swest42. I've seen you post a lot lately about big boys' games and who gets the spoils, etc. I know you're not a deramper, but you keep hinting at these dark forces, and I'm curious as to what you mean. You talk about PIs getting shafted as IIs enter – what do you actually see playing out? Is it the suggestion that they suppress the price in the market in order to take their main stake cheaply? Keen to understand. Because no one's getting my shares cheaply, although I'm sitting on a much smaller profit than I used to be...
Really feels like some people haven't read this broker note! Not sure if I can post the link, but it's on the GRL website and Twitter. Not to be missed.
https://www.goldstoneresources.com/documents/media/SPAngel-Goldstone-Note.pdf
Something I’ve been wanting to explore, and the GRL board seems as good a place as any. Someone asked a similar question (maybe Strummer?) on another board recently.
I’m quite new to AIM – certainly in terms of paying close attention rather than making random punts. But I’m now heavily invested across a basket of mining stocks. All (except GRL) battery / green related.
I guess the question is, how and when do these companies find fair value? They’re all undervalued even against the assets they own. But per Strummer’s question, any rise on AIM seems to get sold into, and the big step changes don’t come.
Is it only when they’re paying dividends that they get valued like the main market?
It’s an interesting question here in particular, where despite the expanded resource, mining licence, stonking new production plan etc, we’re still a long way from where we should be. I was excited by the broker note yesterday because it clearly shows where we’re going, and the exploration upside is unbelievable. And I think the target 24p for the first phase includes the warrants?
As I say, massive value to be unlocked. But what do people think actually unlocks it? Because although it seems obvious, it always seems to be somewhere further uphill. Maybe it’s as simple as gold pour, actual production, making profit. In which case, apologies for the long post! But I’d love to hear thoughts on how we see fairer value before a dividend.
I topped up after the permit landed, thinking that despite the rise I'd still beat the herd. Ah well. I guess I didn't expect the number of people who wanted to sell on news. On the positive side, now that we're moving again it's reminded me of one of the reasons I liked this share in the first place – how much it moves even on small volumes. Looks like fewer than 200k shares changed hands today, and we're up over 4%.
I'm in a philosophical mood tonight, so anything that increases the likelihood this mine gets built is fine with me. I don't have the savvy to make projections, but as long as we get into production then we're all making money. I can't see people taking 88m shares at 7.5p as anything other than another positive step towards that day.
Just found this via a helpful chap named Ben on Twitter. Well worth a listen for the RMM analysis at 15:00. So much to like about this share. Just hope this podcast has a lot of listeners!
John Meyer Mining talks about: Copper & BlueJay, Empire Metals, Phoenix Copper, Rainbow Rare Earths, Rambler Metals & Mins & Tirupati Graphite
https://www.**********.co.uk/articles/john-meyer-mining-talks-about-copper-bluejay-empire-metals-phoenix-copper-rainbow-rare-earths-rambler-metals-mins-tirupati-graphite-feb-24-1-18-pm-3b5e4d3/
Hi Wasa, saw you pop up on the ACP board. I'm sure a bunch of us would welcome you over on GRL and RMM too. ;)
Does seem to be a weirdly soft week, doesn't it? Could use you buying to prop it up. GRL in particular – massively de-risked after it got its environmental permit last week. The big, long-awaited event. And yet we've slid from 12.8 to 10.4 for no obvious reason at all. Nice entry for someone other than me, I suppose.
On HZM, I like how VauxhallViva put it earlier. More cash, more certainty, more everything – and the mcap's like it never happened. Just a little more patience required among the fully loaded. Someone else's lucky day.
Great interview, really reassuring. I might have to go down the back of the couch cushions today.
I was glad she asked specifically about news flow, and that he so clearly spelled out key movers for the price in H1.
Rotto, there was a mention in the RNS on 12th Feb about further procedural permits following. I wondered if that would still be considered a risk by the market, so it’s nice to see them just popping up today, no big deal.
Have to say, I don’t really understand the pull back this week. The EP was the main event and I personally can’t imagine selling. But then as others have said, people who were in very early have already done well, and I guess there’s always something else to chase.
Here’s the line from the RNS: “The Environmental Permit, along with the 10-year Mining Lease which received Parliamentary Ratification on 22 December 2020, are a prerequisite for procedural operational permits which are expected to be granted on a timely basis.”
Might be naive, but I see this as a positive too. I’ve certainly held shares (EQT) that fell back to a low placing price. But this is institutions only. Surely that’s different? It’s the money that will get us to full financing, and I’m not surprised to see institutions getting offered discounted shares.
Nice tweet from GRL today to remind us why we’re here...
https://twitter.com/goldstoneres/status/1362033853121069057?s=21
“It's all systems go at Homase where we are preparing equipment for first production following the award of the environmental permit.
A very exciting year for the company and shareholders as we transition to becoming a #gold producer!”
What a weird week. I expected this to pull back a bit without news, but don't personally know why so many miners took a hit. Bought another 50k today and was happy to top up under 8p.
I like this article a lot because it captures what I think is inevitable. In the same week as GM – GM! – announces they'll only produce EVs by 2035, and Biden makes historic moves against climate change, I just cannot see how we won't get funded here. Maybe that failure of imagination will cost me, but I'm betting against it.
Many it's wishful thinking, but if anything, I wonder if everything HZM has going for it makes it that bit harder – especially if a deal includes Vermelho. How do you structure a deal when the demand and price for your product seem to go up every day?
Never quite sure where to check the nickel price, but it looks like it's just stuck its head above 16k. Happy days.
https://markets.businessinsider.com/commodities/nickel-price?op=1
Looks like the UK might ban petrol/diesel engines 10 years ahead of schedule?
https://www.bbc.co.uk/news/av/uk-54937277
If I only I owned a stake in two enormous nickel mines...
A choice section from the Q&A. (Sorry I don't know who the speakers are. The second is the one who was on stage with Musk the whole time.)
“I think the key is to be smart about your chemistry choices, your materials choices. If you’re smart about your materials choices, the spice will continune to flow. You don’t need to use the same kind everywhere. And if you… It’s about strategically planning it out. And for miners, I think you’re incentivising them quite a bit to ramp up their production –“
“– Yeah, and actually we have good calls. Like, they’re all motivated. I think they’ve been sort of sitting back, being like ‘Are you going to grow like crazy?’ And we’re like, ‘Yeah we’re going to grow like crazy.' And then I think this indicates we’re going to grow like crazy, and that’s what the miners want to hear and then they’ll go make the investments.”